Hong Kong has allowed staking for licensed exchanges and crypto ETFs! 🔥
A major step for the crypto market: Hong Kong's financial regulator (SFC) has officially given the green light for staking for:
✅ Licensed crypto exchanges
✅ Cryptocurrency ETFs
📌 What this means:
• Exchanges and funds can now offer staking legally
• Each platform must undergo prior approval and implement strict security measures
• This is part of a strategy to turn Hong Kong into a regional crypto hub
🛡 Customer security is a priority. Everything must operate in a strictly regulated environment, but with new opportunities: margin trading, lending, derivatives, and other services are already in the plans.
💬 SFC: "Expanding services is key to a healthy ecosystem".
Hong Kong is serious — it is truly betting on Web3 😎
Would you trust your coins for staking through an ETF? Write below👇